Dropbox hires Avalara president for CFO role

Ross Tennenbaum will take over as finance chief of San Francisco-based Dropbox after it reported a sales dip last month.

Fed trims main rate by quarter-point, forecasts one cut in 2026

Policymakers reduced borrowing costs for the third time in 2025 amid persistent signs of cooling in the labor market.

Updated Dec. 10, 2025

Costco suit sparks tariff refund FOMO, but it’s not the only relief route

Firms mulling similar litigation should “do their homework” and check deadlines for alternative and potentially less costly actions, trade attorney Doreen M. Edelman said.

Exxon CFO to retire, citing health issues

Outgoing CFO Kathyrn Mikells is confident her successor Neil Hansen will “continue the good work of the finance leadership team that has begun to really build a world-class organization,” she said Tuesday.

Cyberattacks force small firms to raise prices: ITRC

The rising cost of cybersecurity has created a hidden “cyber tax” that is helping to fuel inflation, according to the report. 

Tesla CFO sold over $19M in stock this year

The CFO’s repeated sales came amid a tumultuous year for the EV maker, which fielded slumping profits, growing shareholder scrutiny, and a CEO pay battle.  

Job openings rise to five-month high as hiring slows: BLS

Futures traders expect that a divided Federal Reserve will trim the main interest rate by a quarter point on Wednesday, giving way to officials concerned about shoring up the labor market.

Trump pledges order addressing patchwork of state AI laws

The move comes after the president and big tech unsuccessfully pushed for congressional action on the issue.

Firms’ AI goals prioritize growth over job cuts: EY

“The data challenges the prevailing ‘headline news’ narrative that AI’s primary role is replacing the workforce,” EY’s Dan Diasio said.

Berkshire Hathaway CFO to leave amid leadership shakeups

Longtime CFO Marc Hamburg’s departure comes as Berkshire preps for Warren Buffett to step down as its CEO at the end of the year.

FASB pubs new interim, quarterly reporting rules

The new standard marks the 11th accounting standards update issued by the FASB this year, up from four for the full 2024 and the highest annual output since 2020.

Inflation holds steady, bolstering case for Fed benchmark rate cut

Most Fed watchers and futures traders expect the Federal Reserve will trim the federal funds rate by a quarter point to a range of 3.5% to 3.75% on Dec. 10.

Microsoft 365 to include more AI tools – at a higher price

Commercial pricing for Microsoft’s flagship subscriptions will rise 16% on average starting in July 2026 as the catalog of AI tools expands, the company said Thursday.

AI evolution prompts shift in tax, finance talent strategy: EY

Finance leaders need to hit the right mix of tech and accounting skills inside their teams to effectively function in an emerging AI-first world.

Treasury, OECD race clock to ink global minimum tax deal by year-end

Without an agreement, the Trump administration’s opposition to the global tax deal favored by Biden leaves multinational companies’ 2026 tax strategies in limbo.

FASB finalizes new government grant accounting standards

The standards update fills a gap in the generally accepted accounting principles that previously left many companies turning to international rules for guidance.

Equinix CFO to retire in 2026 after 27-year company tenure

Keith Taylor will retire after two decades as CFO, where he helped drive Equinix’s financial strategy “through every stage of its evolution,” the company said.  

Digital wallet use outpaces regulators

Consumers are increasingly turning to these mobile tools for convenience and new features, and regulators are trying to catch up.

Companies cut 32,000 from payrolls as Fed debates trimming main rate: ADP

Futures traders have increased the odds that the Federal Reserve on Dec. 10 will cut borrowing costs to 89% from 83.4.% last week.

Departing PCAOB member calls for ‘common sense audit regulation’

Christina Ho takes “great pride in my contributions during my tenure, particularly in serving as a credible lone dissenter who was able to prevent the adoption of some potentially harmful standards and rules,” she said.

Gitlab taps former Salesforce exec for CFO seat

The appointment marks the latest in a string of recent senior management changes at the San Francisco, California-based tech company.

Sleep Number names permanent CFO amid choppy turnaround

The Minneapolis-based smart mattress retailer said Amy O’Keefe will take the finance reins from interim CFO Bob Ryder, who will leave the company Dec. 12.

Costco sues for Trump tariff refund, cites ‘imminent’ harm

The warehouse club retailer’s complaint emphasized the matter’s urgency, stating importers may not have the legal right to recover duty refunds after liquidation.

U.S. manufacturing shrinks for ninth month as new orders fall: ISM

“The health of the U.S. manufacturing sector gets more worrying the more you scratch under the surface,” an S&P Global Market Intelligence economist said.

Wayfair CFO zeros in on nimble forecasting

Wayfair needs a “nimble” finance team and forecasting model to hit its dual goals of keeping fixed costs down while reaching double-digit growth, CFO Kate Gulliver said.